bankruptcy
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Intrum (INTRUM.ST), Europe’s largest debt collector, filed for Chapter 11 bankruptcy in the United States on Friday as part of its strategy to restructure its debt. The company has faced challenges stemming from the pandemic, an energy crisis, and two-decade-high interest rates, which failed to trigger a surge in loan defaults. At the end of…
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Intrum (INTRUM.ST), Europe’s largest debt collector, announced on Friday that it will file for voluntary Chapter 11 bankruptcy protection in the United States to restructure its finances. The company has faced challenges as the pandemic, an energy crisis, and two-decade-high interest rates failed to trigger a wave of loan defaults. Concerns have grown over Intrum’s…
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A Johnson & Johnson subsidiary began its third attempt at a multibillion-dollar bankruptcy settlement Monday, facing immediate contention. The settlement aims to end tens of thousands of lawsuits claiming the company’s baby powder and other talc products caused cancer. Attorneys representing cancer victims condemned the bankruptcy as a sham during the first court hearing. They…
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A U.S. appeals court upheld the decision to end J&J’s second attempt to resolve tens of thousands of cancer lawsuits through a shell company’s bankruptcy. J&J, meanwhile, is pressing forward with its third bankruptcy strategy. On Thursday, the 3rd U.S. Circuit Court of Appeals ruled that the company’s second effort, like its first, failed because…
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A court-appointed bankruptcy trustee signaled his intent on Sunday to shut down Alex Jones’ Infowars company, aiming to prevent a “money grab” by families who sued Jones over his false claims about the 2012 Sandy Hook school shooting. Trustee Christopher Murray announced that he has begun planning to wind up Infowars owner Free Speech Systems’…
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A U.S. bankruptcy judge ordered the court-supervised liquidation of conspiracy theorist Alex Jones’ personal assets but dismissed the bankruptcy of his company, Free Speech Systems, without ordering its liquidation. Bankruptcy Judge Christopher Lopez appointed a Chapter 7 trustee to sell Jones’ assets, including his ownership stake in Free Speech Systems, the parent company of his…
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As Donald Trump faces a critical deadline in his legal battle, the possibility of his assets being seized looms large if he fails to meet the financial obligations arising from a civil fraud lawsuit in New York. Here’s an in-depth look at the situation and its potential implications for Trump’s business empire. Deadline Looms Trump…
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